Bramble Corp. issued at a premium of $9800 a $193000 bond issue convertible into 3200 shares of common stock (par value $20). At the time of the conversion, the unamortized premium is $4200, the market value of the bonds is $213000, and the stock is quoted on the market at $60 per share. If the bonds are converted into common, what is the amount of paid-in capital in excess of par to be recorded on the conversion of the bonds?

$129000

$133200

$153200

$138800

On May 1, 2021, Waterway Industries issued $4600000 of 8% bonds at 103, which are due on April 30, 2031. Twenty detachable stock warrants entitling the holder to purchase for $40 one share of Waterways common stock, $15 par value, were attached to each $1000 bond. The bonds without the warrants would sell at 96. On May 1, 2021, the fair value of Waterways common stock was $35 per share and of the warrants was $2. On May 1, 2021, Waterway should record the bonds with a

discount of $51520.

discount of $184000.

discount of $46000.

premium of $138000.